By: Simon Hunt

City Editor Simon Hunt is City editor at City AM, covering the economy and financial markets. He was previously business correspondent for the Evening Standard and a reporter for Bloomberg News.

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Wealth tax would be a ‘dangerous road to go down’, BNP investment chief warns

July 21, 2025

The chief investment officer at BNP Paribas Wealth Management has become the latest senior banker to warn over plans to introduce a wealth tax in the UK, describing the move a “dangerous road to go down.” In an interview with City AM, Edmund Shing said the move was likely to discourage entrepreneurs from starting a [...]
Microsoft offers ‘pay-as-you-go’ software concession to cloud rivals after bowing to pressure

July 18, 2025

Microsoft will allow its cloud rivals to offer ‘pay-as-you-go’ software to their customers after bowing to pressure over its licensing practices. The US tech giant attracted criticism for the way it offered exclusive software deals to customers of its Azure cloud platform, which rivals said made it difficult for them to compete. But in a [...]
Government must ‘take its head out of the sand’ after jobs plunge

July 17, 2025

Small businesses have urged the government to “take its head out of the sand” over tax hikes and a flurry of fresh employment regulations after the Office for National Statistics reported another consecutive month of jobs losses. Responding to Thursday’s unemployment figures, the Federation for Small Businesses said the jobs plunge was “disturbing” and that [...]
Wise shares tumble ahead of switch to US primary listing

July 17, 2025

Wise shares sunk on Thursday morning after the London fintech disappointed analysts in a trading update ahead of its upcoming switch to a US primary listing. The £12bn money transfer business reported a 24 per cent rise in quarterly cross-border volume to £41.2bn in the three months to end June, while customer holdings grew by [...]
Sadiq Khan to host first-ever mayoral London-Africa business summit

July 17, 2025

Sadiq Khan has unveiled plans to host the first-ever mayoral London-Africa business summit next year in a bid to deepen trading ties with the continent. According to the mayor, the summit will bring together entrepreneurs and investors, state officials, trade groups and stock exchanges from across the continent, with the aim of promoting London as [...]
Barclays battles to take down scam impersonation website

July 16, 2025

Barclays has battled to take down a scam impersonation website that could have stolen millions from its customers. The website, which called itself “Barclays Finance”, featured the Barclays logo and included “Barclays” in its domain name, was identified by City AM on Monday and claimed to be able to process money transfer payments on behalf [...]
FCA staff threaten industrial action over three-days-a-week office policy

July 16, 2025

Union representatives for the UK’s financial watchdog the FCA have threatened industrial action if staff are made to come into the office more than two days a week. In an open letter to the board of the FCA, Unite the Union said more than 90 per cent of its members would take action if the [...]
‘Golden opportunity’ for European equities, says CEO of stock exchange SIX

July 16, 2025

Europe must seize a “golden opportunity” for the revival of its capital markets, the boss of one of the continent’s biggest stock exchange businesses has said, as he called for stronger retail participation in equities to keep pace with the US. Six CEO Bjorn Sibbern, who earlier this month completed the £225m takeover of London-based [...]
Regulation is ‘a boot on the neck of businesses’, Rachel Reeves to warn at Mansion House

July 15, 2025

Financial services regulation is “a boot on the neck of businesses,” Rachel Reeves is expected to say as the Chancellor delivers her annual Mansion House speech later today. Reeves will urge watchdogs to “take up the call” of regulating for growth rather than “bend to the temptation of excessive caution” as she seeks to showcase [...]
‘At least a decade’ to turn Thames Water around, CEO says amid £1.6bn loss

July 15, 2025

The boss of Thames Water has said it will take “at least a decade” to turn the company around as it posted a loss of £1.6bn. The loss for the year to end March compares to a small profit of £157m the prior year and comes despite an 8.7 per cent rise in turnover during [...]

Tottenham Hotspur make £121m pre-tax loss despite Europa League win

LeBron, McIlroy, Ronaldo in $575m Whoop raise at $10bn valuation

Iconic City dining spot set to relocate to new rooftop location

By: Simon Hunt

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